Corn, sorghum export inspections up on week, year

The USDA says corn, soybean, and wheat export inspections for the week ending September 7th were less than what’s needed to meet projections for the current marketing year. The 2023/24 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out Tuesday, September 12th at Noon Eastern/11 Central.

Wheat came out at 406,181 tons, up 88,105 from the week ending August 31st, but down 351,623 from the week ending September 8th, 2022. The main destinations were Japan and Mexico. Early in the second quarter of the 2023/24 marketing year, wheat inspections are 4,754,529 tons, compared to 6,421,865 in 2022/23.

Corn was reported at 623,862 tons, 141,076 higher than the previous week and 149,474 above a year ago. The top destinations were Mexico and China. Just after the start of the marketing year, corn inspections are 623,862 tons, compared to 597,743 this time last year.

Soybeans were pegged at 310,073 tons, 96,861 lower than the week before and 31,640 below last year. The leading destinations were China and Germany. So far, this marketing year, soybean inspections are 310,073 tons, compared to 394,012 a year ago.

Sorghum inspections totaled 134,654 tons, an increase of 26,979 on the week and 88,141 on the year. The largest destination was China, followed distantly by Mexico. 2023/24 sorghum inspections are 134,654 tons, compared to 47,807 in 2022/23.

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